Sector
Agriculture & Food TechnologiesFood TechNovel Food & Ingredients
Target Customer
Food Retail & ConsumptionHomeWholesaleAgriculture & FoodLivestockDairyProcessed FoodsSnacks
Core Technology
Biologicals
Tags (4)
food-ingredientsfoodtechnovel-ingredientsvegans
Geographic Markets
IsraelUnited States
Panda Chocolate Financials
Undisclosed
Capital raised
Cumulative Funding Raised Over Time ($)
$57KDec 2015
$142KFeb 2017
$3.1MFeb 2023
$9.6MJan 2021
$9.7MJul 2018
Private Equity Funding
David Schottenstein (Lead), Peter Hess (Lead)
Panda Chocolate Lifecycle
Cumulative Funding Raised Over Time
$57KDec 2015
$142KFeb 2017
$3.1MFeb 2023
$9.6MJan 2021
$9.7MJul 2018
All Events
David Schottenstein (Lead), Peter Hess (Lead)
Panda Chocolate News
1 article
How date night turned into a $3m vegan chocolate company - ISRAEL21c
Panda Chocolate, now known as 7th Heaven, is a company that produces and sells dairy-free milk chocolates. The founders, Daniel Bareket and Elya Adi, developed the chocolates after experimenting with different ingredients and methods. They successfully raised funds through a crowdfunding campaign and opened their first factory in Jerusalem. The chocolates received a positive response in the local market, leading the couple to explore the US market. They discovered a lack of dairy-free milk chocolate options in the US and decided to launch an online store under the name 7th Heaven. The brand attracted positive feedback and caught the attention of investor David Schottenstein, who invested $3 million in the company. The investment will help expand the distribution of 7th Heaven chocolates in the US market and support the development of new vegan chocolate products. The company also prioritizes fair trade and sustainability in its operations.
CustomersInvestment
Panda Chocolate Team
Elya Adi Bareket
Co-founder
Founder
Daniel Bareket
Co-founder
Founder
Employee Info
| Employees (range) | 1-10 |
| Exact count | 9 |
| Team members | 2 |
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